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Substantial Risk Law and Legal Definition. A substantial risk of serious harm means that the risk was so great that it was almost certain to materialize if nothing was done. [Miller v. Fisher, 2010 U.S. App. LEXIS 12932 (7th Cir. Ill. June 23, 2010)] A substantial risk means a direct relationship between the offense and a risk of violence.What does the term 'potential risk' mean?
Potential risk refers to any risk associated with an action that is possible, in certain circumstances. A risk refers to a threat or damage that may occur in operations of a business. When a business firm undertakes any operations within a particular industry and in specific markets, they face potential risk. Read Next. Potential Market.What is risk defined?
Definition of risk. (Entry 1 of 2) 1 : possibility of loss or injury : peril. 2 : someone or something that creates or suggests a hazard. 3a : the chance of loss or the perils to the subject matter of an insurance contract also : the degree of probability of such loss.